Higher Education

Principles of Finance, 6th Edition

  • Scott Besley University of South Florida
  • Eugene F. Brigham University of Florida
  • ISBN-10: 1285429648  |  ISBN-13: 9781285429649
  • 816 Pages
  • Previous Editions: 2012, 2009, 2006
  • © 2015 | Published
  • College Bookstore Wholesale Price = $221.25
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About

Overview

Give your students a strong foundation in contemporary finance using the latest PRINCIPLES OF FINANCE, 6E by leading finance authors Besley and Brigham. This dynamic survey text addresses today's most relevant financial concepts as students examine current financial markets and institutions, investments, and managerial finance. An ideal choice for corporate finance topics, this edition is more practical than ever before. Content has been updated to reflect current financial events and topics. Revised coverage further clarifies the presentation of time value of money and other complex concepts. When relevant, this edition now discusses the impact of the 2007-2009 financial market meltdown on finance today and clearly connects topics to students' personal finance decisions. Students see how concepts influence both immediate and long-term common financial decisions. Students learn to use spreadsheets for financial decisions and financial problem solving. The book's modular format allows you to present concepts in the order that best suits your course. The book begins by discussing principles of financial systems and business organizations, then addresses valuation concepts and corporate decision making and concludes with investment fundamentals. Count on PRINCIPLES OF FINANCE, 6E to offer the diversity of coverage and practical strengths your students need for success.

Features and Benefits

  • CONTINUED EMPHASIS ON SPREADSHEETS ENHANCES STUDENTS' SKILLS. Additional instruction on spreadsheets within each relevant chapter as well as throughout chapter appendices emphasizes how best to use this critical financial tool. A special end-of-book tutorial demonstrates how to maximize spreadsheet functions to solve financial problems, particularly those related to Time Value of Money.
  • WEALTH OF ETHICAL DILEMMAS REFLECTS TODAY'S CHALLENGES. A variety of practical ethical dilemmas throughout this edition emphasizes critical ethical questions prompted by actual recent world events. These ethical challenges prepare students for conflicts and questions facing individuals and corporations today.
  • "MANAGERIAL PERSPECTIVES" DEMONSTRATE THE IMPACT OF FINANCE TODAY. Each chapter captures students' attention from the first page with an intriguing opening Managerial Perspectives that details actual events related to the chapter's content. Clear, engaging prose demonstrates the impact of finance in today's world and in recent news.
  • SOLID DISCUSSION OF INTEREST RATES PREPARES FUTURE MANAGERS AND FINANCE PROFESSIONALS. Discussion of interest rates in Chapter 5 closely examines factors that affect interest rates, forecasting interest rates, and how interest rates are determined in today's financial markets. Students gain the understanding they need for future success.

Table of Contents

Part I: GENERAL FINANCE CONCEPTS.
1. An Overview of Finance.
2. Financial Assets (Instruments).
3. Financial Markets and the Investment Banking Process.
4. Financial Intermediaries and the Banking System.
5. The Cost of Money (Interest Rates).
Part II: GENERAL BUSINESS CONCEPTS.
6. Business Organizations and the Tax Environment.
7. Analysis of Financial Statements.
8. Financial Planning and Control.
Part III: FUNDAMENTALS OF VALUATION.
9. Time Value of Money.
10. Valuation Concepts.
11. Risk and Rates of Return.
Part IV: CORPORATE DECISION MAKING.
12. The Cost of Capital.
13. Capital Budgeting.
14. Capital Structure and Dividend Policy Decisions.
15. Working Capital Management.

What's New

  • NEW: The text has been completely updated with current dates and tax rate information throughout.
  • NEW Real world data reflects the latest company financials, so your students get hands-on practice using real data.
  • Numerous new examples use companies relevant to the concepts covered and relevant to students.
  • The text has been updated with recent stock market information and the latest FED data.
  • Additional information regarding flotation costs has been added.
  • NEW: Information about IFRS and international business is now included.
  • NEW: All banking information has been updated.
  • The text features a brand new section covering Additional Funds Needed (AFN).

Supplements

All supplements have been updated in coordination with the main title. Select the main title's "About" tab, then select "What's New" for updates specific to title's edition.

For more information about these supplements, or to obtain them, contact your Learning Consultant.

Instructor Supplements

Website  (ISBN-10: 1305084322 | ISBN-13: 9781305084322)

All instructor resources are conveniently located on the password-protected website at http://login.cengage.com. Instantly access the Instructor’s Manual with suggestions for using learning features and supplements as well as tips for using ethical dilemmas and references to related real situations. You can also access the Test Bank in Word with numerous conceptual as well as financial calculation questions labeled by level of difficulty. Easily add, edit, delete, or reorganize test items online with the new Cognero testing platform. You can also bring lectures to life with PowerPoint® slides that highlight key chapter features. Excel spreadsheet templates are also posted and contain models for the computer-related end of chapter problems.

Cengage Learning Testing, powered by Cognero Instant Access  (ISBN-10: 1305085760 | ISBN-13: 9781305085763)

Cengage Learning Testing Powered by Cognero is a flexible, online system that allows you to: Author, edit, and manage test bank content from multiple Cengage Learning solutions; create multiple test versions in an instant; deliver tests from your learning management system, your classroom or wherever you want!

Intermediate Financial Management  (ISBN-10: 1111530262 | ISBN-13: 9781111530266)

Trust Brigham/Daves' INTERMEDIATE FINANCIAL MANAGEMENT 11E, the only textbook written specifically for Intermediate or Advanced Corporate Finance courses to provide your students with a full understanding of both conceptual theories and practical financial skills. This comprehensive text from renowned author team Gene Brigham and Phillip Daves reinforces coverage from earlier corporate finance courses for a clear presentation, while providing new, progressive material to challenge even the most advanced learners. The authors use corporate valuation as a unifying theme to emphasize the theoretic groundwork for value maximization and the practical skills to analyze business decisions. You will find in-depth coverage of core issues and the most current coverage of topics that are reshaping finance today. The book's reader-friendly approach incorporates actual business examples and integrated cases as well as Excel® spreadsheet models to demonstrate how financial theory in practice leads to solid financial decisions. A comprehensive support package reduces your preparation time and offers your students practice using Thomson ONE-Business School Edition, the same financial online database Wall Street professionals trust every day. New Aplia™ for Finance, the leading online homework management system, and CengageNOW course management software are both optional solutions and help further ensure your students remain "First in Finance" throughout your intermediate or advanced corporate finance course.

List Price = $369.95  | CengageBrain Price = $369.95  | College Bookstore Wholesale Price = $277.50

Financial Management: Theory & Practice  (ISBN-10: 1111972206 | ISBN-13: 9781111972202)

The only text that strikes a balance between solid financial theory and practical applications, Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e (with Thomson ONE - Business School Edition 1-Year Printed Access Card) equips your students with a thorough understanding of the essential concepts they need to develop and implement effective financial strategies. The book begins with a presentation of corporate finance fundamentals before progressing to discussions of specific techniques used to maximize the value of a firm. It also explores the recent financial and economic crises and the role of finance in the business world and in your students' personal lives. With its relevant and engaging presentation, numerous examples, and emphasis on Excel usage, this text is the ideal choice for an introductory MBA course and serves as a complete reference tool for your students throughout their academic and business careers. Each new copy of Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e includes Thomson ONE Business School Edition, which gives students access to the same Thomson Reuters Financial database that business professionals use every day. As part of its comprehensive product package, Aplia™ for Finance and CengageNOW™ are available as optional learning solutions to support your course outcomes and to help your students become First in Finance.

List Price = $368.95  | CengageBrain Price = $368.95  | College Bookstore Wholesale Price = $276.75

Student Supplements

Intermediate Financial Management  (ISBN-10: 1111530262 | ISBN-13: 9781111530266)

Now you can trust the ONLY book specifically written to guide you through your Intermediate or advanced corporate finance course: Brigham/Daves' INTERMEDIATE FINANCIAL MANAGEMENT 11E. This comprehensive, student-friendly text from trusted finance authors Gene Brigham and Phillip Daves provides a unique balance of theory and practical applications for the complete understanding you need. You will find in-depth coverage of core issues and current coverage of the topics that are reshaping finance today. Real business examples, Integrated Mini-Cases, and end-of-chapter problems work together to offer a solid understanding of how financial theory in practice leads to stronger financial decisions. Corporate valuation is the unifying theme that emphasizes both theoretic groundwork for value maximization and the practical skills to analyze business decisions. Excel® Spreadsheet Models ensure that you can maximize today's technology, while Thomson ONE-Business School Edition gives you access to the same financial online database used by professionals every day. Two optional solutions are New Aplia™ for Finance which offers the help of today's leading online homework management system, and the CengageNOW learning system which provides personalized learning path software and support to help keep you "First in Finance." Trust INTERMEDIATE FINANCIAL MANAGEMENT 11E to help you gain a better understanding of the financial problems facing business today and the best methods for solving those problems.

List Price = $369.95  | CengageBrain Price = $369.95  | College Bookstore Wholesale Price = $277.50

Financial Management: Theory & Practice  (ISBN-10: 1111972206 | ISBN-13: 9781111972202)

The only text to strike a balance between solid financial theory and practical applications, Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e gives you a thorough understanding of the essential concepts you need to develop and implement effective financial strategies. The book begins with a presentation of corporate finance fundamentals before progressing to discussions of specific techniques used to maximize the value of a firm. It also explores the recent financial and economic crises and the role of finance in the business world. With its relevant and engaging presentation, numerous examples, and emphasis on Excel usage, this text serves as a complete reference tool for you in your academic or business career. Each new copy of Brigham/Ehrhardt's FINANCIAL MANAGEMENT: THEORY AND PRACTICE, 14e includes Thomson ONE Business School Edition, which gives you access to the same Thomson Reuters Financial database that business professionals use every day. It is also packed with additional learning solutions to help you to become First in Finance.

List Price = $368.95  | CengageBrain Price = $368.95  | College Bookstore Wholesale Price = $276.75

Meet the Author

Author Bio

Scott Besley

Dr. Scott Besley is Associate Professor and Chair of the Department of Finance at the University of South Florida. He earned his DBA and MBA degrees from Florida State University. A well-respected author and instructor, Dr. Besley has published numerous research articles in various academic journals and has co-authored two of the leading textbooks in corporate finance that are used at universities around the world. His research interests include areas of corporate finance, working capital management, governance, and investment anomalies. A frequently requested presenter at professional conferences, Dr. Besley is actively involved in numerous finance and professional organizations. When he is not teaching or pursuing research interests, he is heavily involved in his local community.

Eugene F. Brigham

Dr. Eugene F. Brigham is Graduate Research Professor Emeritus at the University of Florida, where he has taught since 1971. Dr. Brigham received his M.B.A. and Ph.D. from the University of California-Berkeley and his undergraduate degree from the University of North Carolina. Prior to joining the University of Florida, Dr. Brigham held teaching positions at the University of Connecticut, the University of Wisconsin, and the University of California-Los Angeles. Dr. Brigham has served as president of the Financial Management Association and has written many journal articles on the cost of capital, capital structure, and other aspects of financial management. He has authored or co-authored ten textbooks on managerial finance and managerial economics that are used at more than 1,000 universities in the United States and have been translated into 11 languages worldwide. He has testified as an expert witness in numerous electric, gas, and telephone rate cases at both federal and state levels. He has served as a consultant to many corporations and government agencies, including the Federal Reserve Board, the Federal Home Loan Bank Board, the U.S. Office of Telecommunications Policy, and the RAND Corporation. Dr. Brigham continues to teach, consult, and complete research in addition to his academic writing. He spends his spare time on the golf course, enjoying time with his family and dogs, and tackling outdoor adventure activities, such as biking through Alaska.